O3 Mining is awarding DSUs to settle certain directors’ fees for the fourth quarter of 2024

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toronto, January 3, 2025 /CNW/ – O3 Mining Company (TSXV: OIII) (OTCQX:OIIIF) (“O3 Mining” or “institution“) is declared effective December 31, 2024granted to Bernardo Alvarez Calderonthe Director of the Corporation, deferred stock units of the Corporation (“DSUs”) to satisfy certain Director’s fees Instead In cash for the fourth quarter of 2024. To this end, the members of the Corporation’s Board of Directors may elect, from time to time, to receive all or a portion of their directors’ fees in the form of cash or distribution service units. Any fees settled in DSUs are settled on a quarterly basis.

For Q4 2024, a total of 5,303 DSUs have been issued to Bernardo Alvarez Calderon, as of December 31, 2024to satisfy some of the director’s fees Instead Cash, based on the prevailing market rate $1.65 For each common share in the company.

The DSUs will vest pursuant to the Corporation’s Deferred Stock Unit Plan, a copy of which is available on SEDAR+ (www.sedarplus.ca) within O3 Mining’s issuer profile (see O3 Mining’s Management Information Circular dated May 11, 2022).

About O3 Mining Company

O3 Mining is a gold exploration and mine development company in Quebec, Canada, adjacent to Agnico Eagle’s Canadian Malartic mine. O3 Mining has a 100% interest in all of its properties (128,680 hectares) in Quebec. Its flagship asset is the Marban Alliance project in Quebec, which O3 Mining has advanced over the past five years to the cusp of the next phase of development, with the expectation that the project will provide long-term benefits to stakeholders.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Source: O3 Mining Company

For more information about O3 Mining, please contact: Alex Rodriguez | Vice President of Corporate Development, [email protected]Phone: +1 (647) 391-7724, Toll Free: +1 (833) 979-3516